4 Straight for Dow; Myriad Genetics Soars

Melco Crown pulls back, Home Depot stock helps buoy Dow on Wednesday.

Apr 2, 2014 at 6:09PM

The Dow Jones Industrial Average (DJINDICES:^DJI) extended its winning streak to four sessions on Wednesday, after nearly 200,000 private sector jobs were added in March. Payroll processor ADP estimated employers added about 191,000 jobs last month, marking the first time private payrolls have reached pre-crash levels. This bodes well for the Labor Department's official monthly payroll tally on Friday. Shares of Home Depot (NYSE:HD), Myriad Genetics (NASDAQ:MYGN), and Melco Crown Entertainment Limited (NASDAQ:MPEL) all ended as big movers in the stock market today. The Dow added 40 points, or 0.2%, to end at 16,573 on Wednesday.

Home Depot was one of the 18 blue chip stocks helping the Dow higher today, adding 0.7% in trading. While there wasn't a major company-specific development today, some of Home Depot's long-term initiatives should make shareholders feel fuzzy and warm inside (while hopefully making their pockets feel heavy). As my colleague Dan Moskowitz notes, Home Depot understands omnichannel integration, and even has its own in-house service, Redbeacon, devoted to helping customers find the ideal contractor. Watch out, Angie's List!


Myriad Genetics specializes in DNA diagnostics. Source: Pixabay.

Molecular diagnostic company Myriad Genetics saw shares soar 11.5% today after the Centers for Medicare and Medicaid Services announced higher reimbursement levels than expected for gene sequencing tests. Specifically, Myriad's BRCA-1 and BRCA-2 gene tests will now be supported to the tune of $2,767 per test, a nearly 40% increase from the $2,021 received before. This is not only good news for shareholders, but for women using Myriad's products to test for breast cancer, as their costs will come down in turn.

Lastly, shares of Melco Crown Entertainment lost 3.3% Wednesday, just a day after shares jumped nearly 6% on the continuation of explosive growth in Macau, the gambling capital of the world. Melco Crown is opening a third casino in the Chinese "special region" in 2015, and billionaire CEO Lawrence Ho said the company is looking to hire 8,000 workers for the Hollywood-themed Studio City casino and resort. While stocks with a hand in Macau gaming may be priced expensively right now, not just anyone can waltz in and obtain a gaming permit, so as long as the dice keep rolling and the gamblers keep betting, competition will be hard to come by.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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